How to recover your investment from IC Finance – Scam Broker Review
Be on the Lookout; IC Finance is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from IC Finance.
Is IC Finance a legit broker and how to recover your investment?
IC Finance is an unregulated offshore broker that offers services such as forex, CFD and or binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from IC Finance.
IC Finance broker relies on a number of tricks to reach their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the IC Finance staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investment scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
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IC Finance broker Reviews
A look into IC Finance Reviews on various internet forums will reveal that IC Finance clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding IC Finance have been drawn from various sources, it reveals a similar challenge. IC Finance entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
IC Finance broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by IC Finance Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From IC Finance Broker?
There is no easy way to recover your investment once you have sent it to IC Finance. IC Finance is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. IC Finance constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of IC Finance to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from IC Finance, without going the civil action route. A number of IC Finance victims have managed to recover their investment by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from IC Finance broker.
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More reasons why you shouldn’t trust IC Finance
IC Finance claims to be a trade name of IC Finance Limited, a company approved by the Vanuatu Financial Services Commission (VFSC). While such a license does not mean much in the commercial world, due to lax regulations in offshore areas, it is still better than nothing. However, we were unable to find the company name in the VFSC online register.
This is our main concern with IC Finance, as most unregulated brokers, especially those who make false regulatory claims, are generally involved in some sort of fraudulent practices.
Unfavorable clauses in the broker’s conditions of use
When we read the broker’s terms and conditions, we came across a clause that seems quite unfavorable to his clients.
Regardless of the spreads and the IC Finance platform, we have serious concerns about the legitimacy of the broker – he is not regulated even abroad, despite false allegations.
This leads us to suspect that London IC Finance is just one of the many scammers in the financial markets, so it’s best not to risk your hard earned money on it. As always, we advise you to invest in financial service providers regulated by reputable government agencies such as the Financial Conduct Authority (FCA) in the United Kingdom or ASIC in Australia.
Address: Govant Building, PO BOX 1276, Port Vila, Vanuatu
Company: IC Finance Limited